#MOVR The trade reaches its target. We secure it now and monitor the next opportunity.
No need to force the market: a good setup, patience, and discipline.
No need to force the market: a good setup, patience, and discipline.
Post
cryptoalpha006
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BearishSetup short $MOVR
Entry zone: 2.95 - 3.05
TP1: 2.64
TP2: 2.40
TP3: 2.10
SL: 3.40
Why short?
After a surge of over 220% in 7 days, MOVR was rejected at 3.34 with a long upper wick, and volume momentum is fading. Price moves below its short-term moving averages, which turn into resistance around 2.95-3.05. The expectation is that a bounce back to this zone will be sold, and then price will drop again to clear long orders at 2.64, 2.40, and 2.10.
Invalidated above 3.40. Very volatile asset under watch, low leverage recommended.#MOVR
Entry zone: 2.95 - 3.05
TP1: 2.64
TP2: 2.40
TP3: 2.10
SL: 3.40
Why short?
After a surge of over 220% in 7 days, MOVR was rejected at 3.34 with a long upper wick, and volume momentum is fading. Price moves below its short-term moving averages, which turn into resistance around 2.95-3.05. The expectation is that a bounce back to this zone will be sold, and then price will drop again to clear long orders at 2.64, 2.40, and 2.10.
Invalidated above 3.40. Very volatile asset under watch, low leverage recommended.#MOVR
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